China and the United States held high-level trade talks at the G20 in Argentina and although many of the details are unknown or being debated, the decision to halt additional tariffs is a welcome development to housewares manufacturers and retailers. The planned increase to “List 3” tariffs from the current 10% level to 25% on January 1, 2019 was going to be painful to the…
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Tariffs Impacting Supply Chains
The threat of tariffs from China are causing inventories in the US to spike. Shippers importing from China have been pulling holiday cargo ahead since June to avoid potential tariffs. The latest threat of a 25% tariff scheduled to be implemented January 1, 2019 has both shippers and warehouse operators concerned. Distribution facilities that specialize in handling import…
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Proposed Tariffs To Have Greater Impact On Housewares Industry
The list of tariffs affecting the housewares industry will have a greater impact on home and housewares products with the proposed tariff rate recently increased to 25 percent from the original 10 percent announced by the United States Trade Representative (USTR). The list includes more than 6,000 tariff subheadings, affecting $200 billion of goods imported from China. “The…
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IHA Opposes Latest Round of Proposed Tariffs
The latest round of tariffs on products coming from China announced by the United States Trade Representative (USTR) affects $200 billion of goods imported and if enacted would have an impact on the housewares industry. The International Housewares Association announced today it will activate its resources at the Association and member levels to provide comment on the…
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